FII DERIVATIVES | |||
Index Future | Index Option | Stock Future | Stock Index |
+1255 | +1062 | +432 | +31 |
FII Cash | +34 | ||
DII Cash | +270 | ||
India VIX : 32.01 down by 3.42 points
Call OI : 41724850
Put OI : 51587550
PCR : 1.236
SMR : 25.89
Intraday support and resistance:
S2 | S1 | Pivot | R1 | R2 |
| 4880 | 4932 | 5960 | 5005 | 5035 |
Nifty Open Interest for September stands at 1,70,84,700 down by 45,28,800 with increase in price (30 lacs were rolled over to October Series with huge short covering)
Bank Nifty Open Interest for September stands at 8,49,325 down by 4,77,225 with increase in price (100% Rolled over to October, and some long addition)
For 28/09/11 NF may take support at 4980
Above 4980 NF may rally up to 5040
Below 4980 NF may correct up to 4930
OPTION DATA ANALYSIS
As per OI Table put writing was seen at 490o and 5000 while call writing was seen above 5000 to 5200. 5100 will give some resistance with positive bias while 5000 is still 50/50 chance.
Expected Bullish Stocks For 28/09/2011:GLAXO, RELCAPITAL ,TVSMOTOR, COREEDUTEC .
Expected Bearish Stocks For 28/09/2011:ULTRACEMCO, CIPLA, SUNTV .
NIFTY VIX
- VIX above 60 are dangerous levels. Markets will be highly unpredictable. If Markets are on a high (Nifty P/E above 24), then its advisable to exit the markets completely. Markets may be hot and totally bullish, but will most likely face a darker correction. Its just a question of time.
- VIX below 20 mostly indicate a more stable markets, purely because the volatility is less. It does not mean that markets wont fall. It just means that markets will follow predictable fundamental supports and resistances.
SMR = Smart Money Ratio (India VIX / PCR)
SMR is a measure of fear in the market. A value of less than 20 indicates that market is lack of fear and volatility and the higher PCR ratio(greater than 1) supports such kind of action. And a value of 60 or greater than 60 indicates too much of fear in the market which is highly motivated with lower PCR ratio (less than 1). It is a kind of indicator which provides information about which kind of market we are right now.
Put/Call Ratio
Put/call ratio (or put-call ratio, PCR) is a technical indicator demonstrating investors' sentiment.[1] The ratio represents a proportion between all the put options and all the call options purchased on any given day.
The market has bottomed when PCR was around 0.8-0.9 and topped when it was 1.2 or above.
HOW TO INTERPRET THESE VALUES
SMR with a value less than 15 indicates the market is lack of fear and volatility and along with high PCR ratio more than 1 supports such kind of action. And a value of more than 25 indicates too much of fear in the market which along with lower PCR ratio of less than 1 confirms it. It gives the mind of players in the market.
